Renting out my space

[Simone Montague-Jackson]

Hey everyone!

I’m currently house hacking and planning to buy my next property in about 6 months. However, I’d like to have a space of my own before living with others again (I plan to house hack again with my next property).

I’m seeking advice on how to move forward, as I need to consider things like utilities, taxes, landlord/umbrella insurance, and managing the property, especially with someone renting my garage.

Specifically, I’m curious about renting out individual rooms and living on my own for a little while. Nothing is set in stone yet, so I’m open to suggestions on how to navigate this situation.

Thanks in advance, BP community!